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AUDUSD fell afoul of the broader USD.........>

AUSSIE
AUSSIE: AUDUSD fell afoul of the broader USD strength, printing a low of 0.7585,
but has since rebounded to trade at 0.7620 as the greenback's bid has faded.
- The move lower failed to test the 21-DMA (0.7569), with hourly support
(0.7575) providing an extra layer of protection for bulls, while resistance is
seen at the June 08 high (0.7627) followed by the hourly congestion zone
(0.7650).
- The AUD also managed to shrug off of a soft NAB business survey and a less
than inspiring round of housing investment data.
- Wednesday will bring comments from RBA Governor Lowe, Thursday will bring
May's AU labour market report and Friday will bring comments from RBA's Ellis.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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